Don't Let My Age Fool You!


Archive for January, 2010

20 Ways Your Child’s Imagination Can Save You Money

20 Ways Your Child’s Imagination Can Save You Money

What is it about children that invite us to spend money on them? Is it that we see they are cute at everything, so everything is fair game? Is it that we want them to have the best so we better make sure that they have the newest and most recent and most expensive? Is it that we feel they’ll resent us if we don’t give them the brightest newest, most hip toy for holidays or birthdays?

When did we forget that children are imagination incarnate? They are the physical form of make-believe. Their minds are rich. We really don’t need to buy them things to help enrich their minds, we only need to provide a rich environment, and enriched minds will develop on their own. Here are 20 ways that your child’s imagination can help you save money:

 

  1. Crayons and paper. Scrap paper, newspaper, color books. A place to color and something to color on. You don’t even need to buy new crayons every year; just save the old stuff.
  2. Books. Books with lots of pictures. Books with lots of words. Books with lots of pages. And frankly, books and magazines are a bargain.
  3. Some buckets and shovels. If you need to, a sandbox, but usually a pile of dirt or some rocks will work.
  4. A bathtub of water with cups, which are easy to clean, unlike squeeze toys which can mold. When they get bigger, get them a puddle of mud as a preview to the bathtub.
  5. Car seats. There are hundreds of places you can take your kids for an enriched experience: the park, the store, the waterfront, or a handful of other free places.
  6. Hand-me-downs. Kids love to dress up. It doesn’t matter how well or unwell they fit. Just something that isn’t their regular clothes. Hats, bags, shoes, t-shirts.
  7. A kid-sized chair. Keep it near where you are and your kids will mimic your every move. They’ll pay bills, knit, chat on the phone, read the paper.
  8. A cardboard box. It’s a boat, a raft, a house, a farm, a car, a truck, a wagon…it’s a cardboard box. The possibilities are limitless.
  9. Sidewalk chalk. Drawing, outlining themselves, hopscotch.
  10. A ball, or two. Never underestimate the power of a ball, especially if it bounces.
  11. Stuff to bang, shake, or smack together. Pots, drums, boxes, empty butter tubs; containers with beans or rice, a vitamin bottle with pennies; sticks, empty dvd boxes, cups. As they get older, maybe an instrument is the expanded horizon.
  12. Friends. Neighbors, siblings, cousins. Meet up at the park with other moms. Watch the magic happen.
  13. A bicycle. Going places — even around the yard — develops a sense of independence: where can I take myself today?
  14. Toys that require assembly. Tinker Toys, Legos, Lincoln Logs, Omagles, Hot Wheels tracks, Erector Sets.
  15. The world of cause and effect. Blocks, marble tracks, dominoes. Experimenting with changing the stimuli and learning to observe the effect is a natural curiosity.
  16. A large fabric cover. Draped over any part of the house, a fabric cover has the versatility of playhouse to sail, tent to dragon’s lair — or even the dragon’s belly.
  17. A deck of cards. Matching, memory, math; skill, chance, bluffs, risk. Solitaire, friend games, family games. A good deck of cards never wears thin.
  18. Food. Didn’t your mother ever tell you not to play with your food? What about stringing cereal loops on licorice strings before eating them? Putting berries or olives on fingertips? Rolling cookie dough and dissecting it with cookie cutters?
  19. Action or non-action figures. Dolls and stuffed animals. You don’t need all the props; phones, skates, wardrobes, weapons, these are tools from the imagination.
  20. A pet. If you can’t do a dog or a cat, look into a newt, a fish, a mouse, or an ant farm. Not just about responsibility, but biology, and companionship. Pets often get “imaginary friend” status, with speech, preferences, desires and even mischievousness.

We multipurpose our “grown-up” things. We are careful to buy only what we will use, and avoid storing what we will not. This simple list will help to keep kids’ toy boxes from becoming a place of forgotten toys, and will develop their creative minds into frugal thinkers, just like ours.

Email to your friends Email to your friends

Official Start of the MoneyTree Academy - Junior 1 Weekly Classes

MoneyTree Academy - Junior 1 Weekly Classes

  • Start 5 July 2008
  • 5.00pm to 6.30pm
  • Age Group: Minimum 9 years old
  • Limited Seats - 16 student per class
  • Learn about how Money works and the Power of Money Circulation.
  • Know the know-how of getting the Right Money Habits, Thoughts, Beliefs & Attitudes
  • Register EARLY!!!

Click here to REGISTER!!

Venue : MoneyTree Academy
Address : 158B Rochor Road Singapore 188433. (Click here to See Map)

Email to your friends Email to your friends

Official Start of the MoneyTree Academy - Apprentice 1 Weekly Classes

MoneyTree Academy - Apprentice 1 Weekly Classes

  • Start 5 July 2008
  • 3.00pm to 4.30pm
  • Age Group: Minimum 9 years old
  • Limited Seats - 16 student per class
  • Learn the about Saving & Investing, Budgeting, Setting Goals, Basic Stock Information.
  • Know the know-how of Investing to Win, Supply & Demand in relation to Investments, etc.
  • Register EARLY!!!

Click here to REGISTER!!

Venue : MoneyTree Academy
Address : 158B Rochor Road Singapore 188433. (Click here to See Map)

Email to your friends Email to your friends

The Sunday Times - Under 30 and $50,000 in Debt

Headline

Click on image to enlarge

By Teo Cheng Wee

They are below 30, employed and mired in debt. This is the fastest-growing age group of debtors, say credit counsellors.

On average, they owe $55,000 to about seven creditors, according to new data from Credit Counselling Singapore (CCS), a non-profit group which advises debtors.

Under-30s made up 9 per cent of all cases handled by it in 2006, and 13 per cent last year.

In the first three months of this year, it went up to 15 per cent. CCS told The Sunday Times that most of these young adults are snared by materialism and a desire for the high life.

They splash money on cars, branded goods, overseas holidays, clubbing and gadgets.

Several also gamble their money away.

Young adults are not just facing credit woes - they are also forming a bigger percentage of those who become bankrupt, according to the latest figures from credit analysis firm Amequity.

Last year, people aged 30 and below made up 7 per cent of all bankrupts. In the first four months of this year, that has increased to 12 per cent.

A third report, by the Credit Bureau of Singapore (CBS), which tracks consumer credit behaviour here, also points to the same trend.

Released on June 13, the report noted that young adults aged 21 to 29 were more likely to miss their credit-card payments, or not pay them in full, compared with other age groups.

CCS president Kuo How Nam feels that it is a ‘definite cause for concern to see more young people with bigger debts’.

He puts it down to them succumbing to the temptations of consumerism, while knowing little about financial and credit management.

‘Faced with the euphoria that comes from finally earning some real money, youngsters tend to underestimate the income required of a certain lifestyle,’ he said.

Indeed, ‘overspending’ is the top reason given by people in this age group for being in debt.

Mr Leong Sze Hian, president of the Society of Financial Service Professionals, has been surprised by questions from young bankrupts at the weekly briefings for new bankrupts on the Official Assignee’s premises, where he volunteers.

‘They often ask ‘Will my guarantors be bankrupt?’. They clearly don’t realise what bankruptcy means,’ he said.

He has observed more young faces at the sessions and noted that young bankrupts are typically not rich, and that their debts usually stemmed from car loans and credit-cards debts.

Hong Kah GRC MP Zaqy Mohamad, who sees young adults once or twice a month over credit problems, feels that they have a false sense of security.

‘They always assume that because they’re young, they can earn more and their salaries can only go up. That’s why they dare to buy things on credit,’ he noted.

‘They don’t give any allowances for losing their job or suffering a pay cut.’

Besides suggesting that schools start equipping students with credit and financial management skills, Mr Kuo also pointed fingers at the ‘aggressive marketing’ of credit-card companies.

He said that financial institutions should practise more responsible lending and not encourage the proliferation of credit cards among the young.

CBS general manager Mark Rowley, however, said that ‘it’s very difficult to criticise the banks, as they’re in the business of lending money’.

The silver lining, he noted, is that the percentage of young people who default on credit-card payments is relatively low compared to other countries in the region.

‘And Singapore has the safeguard of credit-card limits. In many economies, there are no limits at all,’ he added.

This article was first published in The Straits Times on 22 June 2008.  Click here to see online version.

Click on image to enlarge

Click on image to enlarge

Click on image to enlarge

Click on image to enlarge

Email to your friends Email to your friends

MoneyTree Singapore on 938LIVE - The Living Room

938LIVEMoneyTree Singapore had a GREAT time last week, together with some of our MoneyTree Students, Alfred, Grace, Michelle and Alfred’s former classmates from Catholic High (Aloysius Ng).
These students had a TOTALLY new experience before the school reopens. MoneyTree Singapore CEO - Ryan Soh, appeared on 938LIVE - The Living Room with Stanley Leong & Esther Ng on last Thursday (19 June 2008 - 11am to 12noon time slot) together with the students & Mr. Martin Lee, sharing his views as a parent.

This was a Fun & Exciting event where the Kids saw what was REALLY going on in a radio studio. Listen the radio interview(by clicking play below) & you will know what I mean by having fun in the studio.


If your browser doesn’t support the EMBED tag above, you can still listen to the interview on this page by clicking here.

938LIVE Studio

Click on the picture to Enlarge

938LIVE Group

 

 

Ryan Soh was also interviewed on the phone on 938LIVE on the Breakfast Club on 17 June 2008 by Ms. Bharati Jagdish & Mr. Keith De Souza

938LIVE - Breakfast Club

Click here to listen to the Radio Interview during Breakfast Club

 

Click on the picture to Enlarge

Email to your friends Email to your friends




About MoneyTree

The current high credit card debt amongst young adults and the high percentage of retirees who are unable to meet their daily expenses, have made Governments across the region more aware of the need to educate the young on matters pertaining to Financial Management and Retirement Planning These factors provide for an excellent environment in which to launch the Money Tree programme, as a ready market is available.

 

MoneyTree is established to provide the Financial & Entrepreneurship skill and knowledge to youths aged 6 to 26 , which would be required to build a career or business, as well as plan for their financial freedom. It has been created to fill the void left by the education system and school curriculum and to explore the opportunities available worldwide to further the dissemination and propagation of high-quality e-learning programmes utilising state of the art technology, and to groom the next generation of entrepreneurs.

Recent Highlights:


Categories: